Price for Bromides; of Sodium or of Potassium in the United States - 2023
Contents:
- Price for Bromides; of Sodium or of Potassium in the United States (CIF) - 2022
- Price for Bromides; of Sodium or of Potassium in the United States (FOB) - 2023
- Imports of Bromides; of Sodium or of Potassium in the United States
- Exports of Bromides; of Sodium or of Potassium in the United States
Price for Bromides; of Sodium or of Potassium in the United States (CIF) - 2022
The average import price for bromides; of sodium or of potassia stood at $3,971 per ton in 2022, jumping by 44% against the previous year. In general, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for bromides; of sodium or of potassia increased by +57.3% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($7,427 per ton), while the price for Jordan ($1,824 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Bromides; of Sodium or of Potassium in the United States (FOB) - 2023
In December 2023, the average export price for bromides; of sodium or of potassia amounted to $1,603 per ton, approximately reflecting the previous month. Overall, the export price recorded a mild decline. The most prominent rate of growth was recorded in April 2023 an increase of 162% month-to-month. As a result, the export price reached the peak level of $4,485 per ton. From May 2023 to December 2023, the the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Canada ($2,478 per ton), while the average price for exports to Guyana totaled $1,531 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+1.9%), while the prices for the other major destinations experienced a decline.
Imports of Bromides; of Sodium or of Potassium in the United States
In 2022, approx. 9.9K tons of bromides; of sodium or of potassia were imported into the United States; with an increase of 22% compared with the year before. Overall, imports, however, recorded a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year.
In value terms, imports of bromides; of sodium or of potassia surged to $39M in 2022. Over the period under review, imports, however, recorded a relatively flat trend pattern.
| Import of Bromides; of Sodium or of Potassium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Israel | 33.3 | 14.4 | 11.2 | 20.3 | -15.2% |
| China | 3.9 | 3.0 | 3.6 | 8.0 | 27.1% |
| France | 1.4 | 0.9 | 2.9 | 7.2 | 72.6% |
| India | 0.4 | 0.4 | 1.4 | 2.6 | 86.6% |
| Jordan | N/A | N/A | 2.7 | 0.3 | -88.9% |
| Others | 0.3 | 0.7 | 0.6 | 1.0 | 49.4% |
| Total | 39.3 | 19.4 | 22.4 | 39.2 | -0.1% |
Top Suppliers of Bromides; of Sodium or of Potassium to the United States in 2022:
- Israel (6.9K tons)
- France (1.3K tons)
- China (1.1K tons)
- India (0.4K tons)
- Jordan (0.1K tons)
Exports of Bromides; of Sodium or of Potassium in the United States
Exports of bromides; of sodium or of potassia from the United States soared to 7.2K tons in 2022, picking up by 72% on 2021 figures. Over the period under review, exports, however, showed a abrupt contraction.
In value terms, exports of bromides; of sodium or of potassia skyrocketed to $15M in 2022. In general, exports, however, recorded a drastic downturn.
| Export of Bromides; of Sodium or of Potassium in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Guyana | 7.2 | N/A | 3.3 | 8.5 | 5.7% |
| Canada | 3.0 | 3.0 | 2.7 | 2.7 | -3.5% |
| Angola | N/A | N/A | N/A | 0.8 | 0% |
| South Korea | 1.0 | 0.5 | 0.5 | 0.5 | -20.6% |
| United Kingdom | 1.6 | 1.1 | 0.3 | 0.3 | -42.8% |
| Italy | 0.1 | 0.2 | 0.1 | 0.2 | 26.0% |
| Malaysia | 0.9 | 0.5 | 0.1 | 0.1 | -51.9% |
| Trinidad and Tobago | 1.6 | 0.8 | N/A | N/A | -50.0% |
| Netherlands | 0.8 | 0.3 | 0.7 | N/A | -6.5% |
| Ghana | 0.5 | N/A | N/A | N/A | 0% |
| Others | 1.5 | 1.7 | 1.2 | 1.4 | -2.3% |
| Total | 18.1 | 8.1 | 8.9 | 14.6 | -6.9% |
Top Export Markets for Bromides; of Sodium or of Potassium from the United States in 2022:
- Guyana (5173.1 tons)
- Canada (839.4 tons)
- Angola (247.0 tons)
- United Kingdom (164.9 tons)
- South Korea (151.7 tons)
- Italy (121.9 tons)
- Malaysia (83.9 tons)
- Netherlands (3.6 tons)
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